The Bad PlaceAl Jazeera – Breaking News, World News and Video from Al Jazeera | Nvidia posts record profit and revenue amid AI chip boom
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Nvidia reported a record quarterly profit of $58.3 billion and revenue of $81.6 billion, driven by a 92 % year‑on‑year surge in its data‑centre business as demand for its AI chips exploded. The company announced an $80 billion share‑buyback programme and lifted its quarterly dividend from $0.01 to $0.25 per share, signalling abundant cash despite the rapid growth. CEO Jensen Huang praised the “extraordinary” results as proof that agentic AI is now productive, but the market’s reaction was muted, with shares slipping about 1.3 % after hours. Analysts noted that investor expectations have caught up with fundamentals, questioning whether the hype around AI may be creating a bubble, yet most still view Nvidia’s outlook as strong, pointing to the dividend hike and buy‑back as signs of a maturing hyper‑growth story.
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